On the recordMay 28, 2025
At the time of the announcement, Mr. Trump said that trade deficits with other nations represented 'a national emergency.'
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cbsnews.comEditor's note · Context
Trump justified tariffs by claiming trade deficits were a national emergency.
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More from Donald Trump
Aug 25, 2026
On Jan. 1, 2027, Tariffs on all Cars, Trucks, both large and small, Automotive Parts, and Steel, will be increased to 50%.
Aug 26, 2026
Canada is easily the most difficult and unreasonable. They feel entitled, but they are not a State, and will be entitled no longer!
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